Insurance Management System
Elite Ins V5.0
Our Insurance Management System is characterized by its comprehensiveness of all the insurance business requirements, with high flexibility to suit differences in work between insurers
So that all modules of the system fully integrate with each other in a distinctive method, which provides high control, comprehensive and accurate reports, and an user friendly environment.
First version of the system has been released in 2007 and was developed several times to keep up to date with the latest technologies with the fifth edition.
It has been operation in many insurance companies for a period exceeding than 15 years, which gives it high reliability and definitely is free of bugs or errors.
Basic Features
-
Insurance products (Motor insurance, Marine Cargo, Life, Health, Property, Public Liability, Personal Accident, Engineering, Travel, BBB).
-
Reinsurance tactics.
-
Claims management.
-
Financial Services Industries.
-
Regulatory Automation Solutions To The Insurance.
-
Insurance document automation solutions.
-
Automated workflow solutions.
-
Takaful Rules.
-
Full control of general tariff, the rules of insurance contract calculation, reports and conditions.
-
Auto generate accounting entries for all types of insurance contracts.
-
Full control of reinsurance agreements ( proportional , non proportional treaties ).
-
Auto reinsurance calculation for each insurance contract.
-
The possibility of working according to insurance technical reserves, Principle of revenue realization.
-
Creative reporting tools.
-
User friendly.
-
High performance.
-
Data integrity.
-
Data confidentiality.
-
IFRS 17 Support
-
Power of SQL Server Database.
Basic Modules
Motor Insurance
-
Liability Coverage
-
Comprehensive Coverage
-
Orange & Green Card Insurance
-
Configurable Business Rules and Tariff as per Regulatory
-
Policy Administration (Fresh Issuance, Renewals, Remittances, Endorsements ,Cancellations )
-
Possibility of adding special conditions for each contract
Health
-
Covering diseases and medical checks for the insured
-
Health insurance to individuals, families and groups
-
Health insurance programs and coverage plans
-
Drugs definition, classifications and usage fields
-
​Diseases diagnosis and medical cases definition
Claims
-
Claims management system processing all formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event for all types of insurance policies
-
Validates the claim and, once approved, issues payment to the insured or an approved interested party on behalf of the insured
Archiving System
-
Chart of Documents
-
Document Coding System
-
Classifying Documents
-
Document Scanning
-
Fast Document Search
-
File Management System
-
Document Cloud Access
-
File Movement System
Marine Cargo
-
Policy Administration module Customized screens and workflow enable the recording of all data elements and coverage specific risk information for Cargo Policies
-
Certificate Issuance and Declaration Management
-
premium is calculated automatically and accurately
Life
-
Whole life insurance
-
Variable life insurance
-
Simplified issue life insurance
-
Guaranteed issue life insurance
-
Life insurance coverage (Death for any reason, Permanent total inability, Permanent partial inability, Temporal total inability, Medical expenses resulted from an accident)
ReInsurance
-
Standards of the reinsurance private conventions in tariffs section are identified for each type of insurance contracts
-
Proportional agreements (Retention, Quota share, Surplus 1.2.3)
-
Non Proportional agreements:( Excess of loss )
-
Identifying main reinsuring companies and other reinsuring ones attached to them, so insurance contracts are produced depending on those standards.
Human Resources
-
Employee Information Management
-
Recruitment and Hiring
-
Payroll Management Process
-
Training and learning
-
Benefits Management
-
Attendance Management
-
Appraisal management
-
Talent Management
-
Contract Labor
-
Analytics & Reporting
Property
-
Fire insurance , Theft insurance, Public Liability insurance
-
Supplementary risks (explosion, storms and winds, earthquakes, water leak, glass breaking, ….. etc)
-
Controlling system of safety factors and risk degree
-
Identifying the main conditions and attaching them to each main or supplementary risk
Engineering
-
Engineering Insurance policy that covers a wide range of engineering related risks (Constructions, water networks, roads, electric and mechanic works, bridges,……etc)
-
Controlling system of safety factors and risk degree
-
Identifying special conditions of each contract
Finance & Accounting
-
Chart of accounts
-
Journal entries
-
Reinsurance Accounting
-
Trial balance
-
Financial statements for shareholder and policyholders (Owner Equity, Cash flow, Balance sheet)
-
A system of releasing unearned revenues to earned revenues for the current year
-
A system of releasing general reserves
-
Possibility of working according to the takaful rules
Workflow System
-
The flexibility of workflow patterns
-
Defined responsibilities and time constraints
-
Automatic assignment of tasks
-
Approval workflows
-
Parallel tasks
-
Optional tasks
-
Due dates
-
Forms and tables
-
Security and access control
Key Features
Multi-Tasking
Users dont have to exit one client's record to work on another with our unique tab structure.
Business Benefits
Integrated core applications supports the growth of the insurance business.
Many to Many Relationships
Each individual or entity can be assigned many different roles - captive owner policyholder, insured, claims adjuster, etc.
Easy To Use Interface
Manage your clients, policies, objects and payments, Sales workflow is made very easy for client and for salesperson.
Integrated Communication
The built in client management function creates a 360 degree view of each insured and all related data.
Reporting Management
Method comes with a built-in report designer that allows you to modify and build reports, charts
Document Management
A truly paperless system, Drag and drop any type of electronic file right into client records
Easy Customisation
Manage your business, your way, Configure your system to match your business processes